Mr. Gary Yeoman reports

VOXTUR ANNOUNCES FINANCIAL RESULTS FOR Q2 2023 ENDED JUNE 30, 2023

Voxtur Analytics Corp. has released its financial results for the three and six months ended June 30, 2023. The company's unaudited condensed interim consolidated financial statements for Q2 2023 and the related management's discussion and analysis (MD&A) are available on SEDAR+.

"We continue to execute on our financial strategy with a focus on near-term revenue opportunities, while instilling financial discipline and placing a great amount of emphasis on profitability," said Gary Yeoman, chief executive officer. "Our achievement of having a profitable quarter is due to an increase in volume of our high-margin products and the benefit of significant expense reduction measures implemented."

Financial results for Q2 2023:

• Q2 2023 revenue decreased 22 per cent compared with Q2 2022 revenue;
• Year-to-date 2023 revenue decreased 26 per cent compared with Q2 YTD 2022;
• Q2 2023 gross profit increased 19 per cent compared with Q2 2022;
• YTD 2023 gross profit increased 7 per cent compared with Q2 YTD 2022.

                                        FINANCIAL HIGHLIGHTS
                           (in thousands of Canadian dollars, unaudited)

                                      Three months ended June 30,      Six months ended June 30,    
                                            2023            2022             2023          2022   
                                                                                                  
Revenue                               $   29,877      $   38,069       $   58,619     $  78,901   
Adjusted EBITDA, unaudited (1)               530          (3,987)          (2,053)       (6,891)

Discussion with respect to the tabulated results can be found in the company's MD&A.

(1) Adjusted EBITDA is an unaudited non-GAAP (generally accepted accounting principles) measure and does not have any standardized meaning prescribed under IFRS (international financial reporting standards) and, therefore, may not be comparable with similar measures employed by other reporting issuers. Management believes adjusted EBITDA provides meaningful information with respect to the financial performance and value of the company, as items that may obscure the underlying trends in the business performance are excluded. Adjusted EBITDA is defined and calculated by the company as earnings (loss) before interest, taxes, depreciation/amortization of property and equipment, intangible assets and right-of-use assets, share-based compensation expense, foreign exchange gains (losses) recorded through profit and loss, impairment losses, and other costs or income that are: (i) non-operating; (ii) non-recurring; and/or (iii) related to strategic initiatives. The company classifies income or costs as non-recurring if income or costs similar in nature are not reasonably expected to occur within the next two years nor have occurred during the prior two years, and such costs are significant.

Earnings call details

The company will host a conference call on Thursday, Aug. 24, 2023, at 8:30 a.m. ET to discuss financial results and highlights for the second quarter ended June 30, 2023.

The conference call can be accessed live by dialling 1-888-396-8049 or 1-416-764-8646. Please dial in 10 minutes prior to the scheduled start time. A digital recording of the call will be available for replay on Voxtur's website.

About Voxtur Analytics Corp.

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending life cycle for investors, lenders, government agencies and servicers. Voxtur's proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios, and evaluate tax assessments. The company serves the property lending and property tax sectors, both public and private, in the United States and Canada.

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